Hyundai’s Namyang R&D Center is currently developing the electric SUVs, which can go up to 320 kilometers on a single charge, nearly double the mileage of sedan-type Ioniq Electric’s 180 kilometers.

“It is true that we will launch a new electric SUV,” a company spokesman said.

Sources said the new eco-friendly SUVs are being developed on a completely different platform from that of the Ioniq, which will also be churning out its own electric vehicles.

It looks like Tesla’s Model X will still be the only all-electric SUV in the market for a while as Hyundai’s new vehicle is not expected to hit the market until 2018 – around the same time Audi’s own all-electric SUV, the e-tron quattro, is expected to become available.